Daily Brief, 4 Nov 2026
The five stories that matter today, in two minutes.
2 min read
Image: CoinDesk CoinDesk1 min readStory 1 of 5
Bitcoin knocks on $78,000 in V-shaped comeback as midterm election uncertainty fades
Bitcoin is approaching the $78,000 price level after staging a strong V-shaped recovery. The rapid upward momentum follows a reduction in political uncertainty related to the United States midterm elections. As market clarity improves surrounding the election outcomes, the leading cryptocurrency has experienced renewed buying pressure that continues to drive its price upward.
Image: CoinDesk CoinDesk1 min readStory 2 of 5
Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%
Block, led by Jack Dorsey, is facing a proposed $764 million settlement with the Department of Justice to resolve a federal anti-money-laundering investigation. Simultaneously, the company experienced a 50% drop in its quarterly bitcoin gross profit, driven by reduced Cash App trading fees during the period.
Image: Cointelegraph Cointelegraph1 min readStory 3 of 5
Ethereum dev targets 2028 for quantum resistance, a year early
Ethereum developer Justin Drake has outlined an updated timeline for securing the network against future technology threats. The researcher expressed hope that Ethereum will complete its transition to post-quantum and post-AI resistance by December 2028. This new target date advances the development team's previous security roadmap estimates by a full year.
Image: CoinDesk CoinDesk1 min readStory 4 of 5
U.S.-sanctioned Moscow Exchange to list bitcoin and Tether’s USDT in December
Russia's primary trading venue, the Moscow Exchange, plans to list bitcoin and Tether's USDT stablecoin in December. The U.S.-sanctioned exchange aims to recapture cryptocurrency trading volume currently conducted abroad by Russian users. Notably, Tether regularly freezes digital asset wallets that appear on official United States sanctions lists, creating a unique dynamic for the upcoming listings.
Image: CoinDesk CoinDesk1 min readStory 5 of 5
South Korea's ruling party wants to delay its crypto tax again
South Korea's ruling political party is pushing to postpone the implementation of the country's upcoming cryptocurrency tax by approximately two years. Lawmakers are seeking this delay to allow more time for global tax-sharing frameworks to materialize while waiting for the national legislature to enact a more comprehensive domestic digital assets regulatory structure.
Brief quiz
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Question 1 of 3What factor contributed to Bitcoin's V-shaped recovery toward $78,000?
BTC
ETH
USDTBitcoin knocks on $78,000 in V-shaped comeback as midterm election uncertainty fades
Bitcoin is approaching the $78,000 price level after staging a strong V-shaped recovery. The rapid upward momentum follows a reduction in political uncertainty related to the United States midterm elections.
Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%
Block, led by Jack Dorsey, is facing a proposed $764 million settlement with the Department of Justice to resolve a federal anti-money-laundering investigation. Simultaneously, the company experienced a 50% drop in its quarterly bitcoin gross profit, driven by reduced Cash App trading fees during the period.
Ethereum dev targets 2028 for quantum resistance, a year early
Ethereum developer Justin Drake has outlined an updated timeline for securing the network against future technology threats. The researcher expressed hope that Ethereum will complete its transition to post-quantum and post-AI resistance by December 2028.
U.S.-sanctioned Moscow Exchange to list bitcoin and Tether’s USDT in December
Russia's primary trading venue, the Moscow Exchange, plans to list bitcoin and Tether's USDT stablecoin in December. The U.S.-sanctioned exchange aims to recapture cryptocurrency trading volume currently conducted abroad by Russian users.
South Korea's ruling party wants to delay its crypto tax again
South Korea's ruling political party is pushing to postpone the implementation of the country's upcoming cryptocurrency tax by approximately two years. Lawmakers are seeking this delay to allow more time for global tax-sharing frameworks to materialize while waiting for the national legislature to enact a more comprehensive domestic digital assets regulatory structure.
Brief quiz
Get all 3 right to earn 20 Kites
What factor contributed to Bitcoin's V-shaped recovery toward $78,000?
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